Natural gas and oil investments around the world may be lower today, but activity and production levels remain on par with the industry’s halcyon period between 2010 and 2014, according to Rystad Energy. “Persistent claims of chronic underinvestment in the global oil and gas industry are overblown,” researchers said. Upstream Investments have declined since spending…
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‘Too Little, Too Late,’ Says Aramco CEO of Global Oil, Natural Gas Investment
Policymakers must ensure the supply of conventional energy sources alongside lower carbon ones as the energy transition marches on, according to Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser. The head of the state-owned oil behemoth has been warning of the threats to global energy security posed by underinvestment in oil and natural gas. “Many…

Aramco CEO Warns Oil and Gas Industry ‘Not Investing Enough’ as Profits Surge on High Prices
Underinvestment in oil and natural gas supply could threaten global energy security and decarbonization efforts over the coming years, according to the CEO of Saudi Arabia’s state-owned oil behemoth. Saudi Arabian Oil Co. (Aramco) CEO Amin Nasser hosted a conference call to discuss the national oil company’s (NOC) record-breaking first-half results. “Oil demand is likely…

Upstream Oil, Natural Gas Investments Rising, but Renewables Said Driving Growth
While investments in the global energy industry are expected to jump 8% from 2021 to 2022, investments in fossil fuels have not returned to pre-pandemic levels, according to the International Energy Agency (IEA). Investments in upstream oil and natural gas activities are projected to rise 10% year/year in 2022, but are likely to fall short…

Chicago Set to Toss Fossil Fuel Companies from Investment Portfolio
The Chicago City Council has voted to pull investments in fossil fuel companies, with $70 million in bonds already removed from the portfolio in the last 18 months through maturities or sales. “When I first took office, I chose to divest from fossil fuels to protect the health of our residents, our city and our…

Asia Pacific Coal Power Investments Seen Outpacing Natural Gas into 2030s
Wind, solar and natural gas have the brightest future in Asia Pacific power generation, although coal is not going anywhere soon, according to experts at Wood Mackenzie. “Asia Pacific power generation investments are leading the world and expected to hit $2.4 trillion in the current decade, with renewables accounting for over half, or $1.3 trillion…

Equinor Dominates in Renewable Investments While Other Oil Majors Face Capex Cuts
Over the next five years, the world’s oil majors are expected to invest up to $17.5 billion into solar and wind energy projects, a Rystad Energy analysis projected.

NGI The Weekly Gas Market Report
Global Oil, Gas Investments Facing ‘Unparalleled Decline,’ with Shale, Tight Resource Funding Slumping Sharply
The Covid-19 crisis, unsurprisingly, has caused global energy investments to fall more than ever, with “serious implications” for security and the transition to alternative fuels, the International Energy Agency (IEA) said Wednesday.
BlackRock to Allocate Less to Fossil Fuels, More to Sustainable Prospects
BlackRock Inc. founder and CEO Larry Fink this week said the company will shift how investments are allocated and exit stocks that “present a high sustainability-related risk,” including from some fossil fuel projects.

NGI The Weekly Gas Market Report
U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments
Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency (IEA).